Millennial and Gen X Minorities Regret Student Debt the Most
03/19/07 - DAVIDSON, NC.: Davidson College in Davidson, N.C., has announced it will be the first national liberal arts school to eliminate student loans. The school has said that instead of student loans, it will help with jobs and grants. A student walks across the Davidson College campus on Monday, March 19.
Photographer: DAVIS TURNERBlack and Hispanic Americans regret their student loan debt more than their white counterparts, a new Pew Charitable Trusts report finds. When you dig into their education and labor market outcomes, that makes a lot of sense.
About 51 percent of black and 52 percent of Hispanic millennial and Generation X student-loan borrowers would find a different way to pay for school so that they'd owe less, the survey found, compared to just a third of white students. While 10 percent of black debt holders said that they wouldn't go to school if they could do it over, just 7 percent of their white counterparts felt that way.